“It is so much money,” Jacqueline Wheelock said to me about the monthly payment amount she will soon be forced to pay for her student loans. Until last summer, she wasn’t thinking about this bill. Under the repayment plan known as SAVE (short for Saving on a Valuable Education), she could afford her payments, so she made them, month after month, never missing one or paying late. At the lowest…
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Can they garnish your wages, or will it just go to collections forever?
I’ve no idea
I’m ignoring mine until it either becomes a problem, or society collapses so hard that it doesnt matter.
I’m in the same spot. Nearly a million student loans are going into default every quarter. It’s very quickly about to be “not my problem” since there is no way that the Federal government will be able to justify garnishing the wages of the working population under the age of 40 during the incoming recession.
It became not my problem the minute they took away the plan I could afford. Then again when I tried to login to check it and was met with a “your account doesnt exist” okay cool. I’m down with that.